How big is the LTL market?
How big is the LTL market?
Questions Clients Ask About This Industry What is the growth rate of the Local Freight Trucking industry in the US in 2021? The market size of the Local Freight Trucking industry is expected to increase 8\% in 2021. Has the Local Freight Trucking industry in the US grown or declined over the past 5 years?
What are some of the key metrics for LTL shipments?
In LTL shipping, the four most important attributes are: cost, on time performance, billing accuracy and damage free shipments.
What companies use LTL?
Top 10 LTL Freight Companies
- FedEx Freight.
- YRC Freight.
- XPO.
- Old Dominion.
- UPS Freight.
- Estes.
- ABF Freight.
- R+L Carriers.
What is the largest LTL company?
FedEx Freight
Top Less-Than-Truckload Carriers
| Rank 2020 | Company | Revenue (000) |
|---|---|---|
| Rank 2020 1 | FedEx Freight | 7,237,000 |
| 2020 2 | Yellow Corp. | 4,871,200 |
| 2020 3 | XPO Logistics | 4,815,000 |
| 2020 4 | Old Dominion Freight Line | 4,109,111 |
What is KPI in shipping?
A KPI is a mathematical formula on basis of unambiguous, observable performance measurements. A KPI expresses performance within an area which the Ship Manager needs to perform well. Also the Ship Manager needs to have complete control of the factors affecting the performance measured.
What is a carrier scorecard?
Carrier scorecards are a tool used to breakdown qualitative and quantitative attributes of carriers to evaluate performance. Carrier scorecards offer a way to objectively analyze carriers through KPIs, providing a significant step in the maturity of transportation spend management in your company.
What is the #1 LTL carrier in the US?
JOC Top 25 US LTL Carriers 2019
| 2019 rank | Carrier | YOY \% change |
|---|---|---|
| 1 | FedEx Freight | 1.4\% |
| 2 | Old Dominion Freight Line | 1.8\% |
| 3 | XPO Logistics | 0.3\% |
| 4 | YRC Freight | -3.3\% |
Who is the biggest LTL company?